The effective date for IFRS 17 Insurance Contracts is now 1 January 2023, following the decision to delay implementation for a year. Now that there is more certainty about the standard, this is a good time to talk about the preparation that will need to be done. In this podcast, KPMG's global insurance accounting change lead, Mary Trussell speaks with Bob Owel, a director at KPMG’s International Standards Group, on what the new effective date means for users and preparers of financial statements. 'IFRS' is a registered trademark of the IFRS Foundation and is used by KPMG IFRG Limited under licence subject to the terms and conditions contained therein. Please contact the IFRS Foundation for details of countries where its trademarks are in use and/or have been registered.